- Stellar ($XLM) is trading around $0.29, gaining momentum after a steady two-week climb and now pressing against a key resistance at $0.30, with a potential bullish breakout in sight.
- Analysts predict that a clean break above $0.30 could flip the market structure bullish, opening the path for a run toward $0.63 over the coming weeks.
- Investor sentiment is improving, fueled by new partnerships like Stellar’s collaboration with AEON to expand Web3 mobile payments across Southeast Asia and beyond.
Stellar
Stellar ($XLM) is an open-source, decentralized blockchain network designed to enable fast, low-cost cross-border transactions and asset tokenization, positioning itself as a major player in the global financial landscape.
Price Action
$XLM is currently trading around $0.29 with a market cap north of $8.86 billion. Over the past year, it has jumped over 150%, peaking at $0.57 before pulling back. The last quarter saw some sideways action, but the past two weeks tell a different story — a steady climb, gaining momentum as it eyes a key resistance at $0.30.
Credit: CoinGecko
Price Predictions
Right now, $XLM is pressing against the upper trendline of a five-month Descending Channel. Looking ahead, analysts highlight that a clean break and hold above $0.30 could flip the market structure bullish, setting up a potential run toward $0.63 in the coming weeks.
Market Sentiment and Developments
Investor sentiment toward Stellar has been steadily improving, driven by a wave of new partnerships and integrations. One standout is AEON, a next-gen crypto payment platform, teaming up with Stellar to roll out Web3 mobile payment services across Southeast Asia and beyond. This collaboration enables users to send secure, low-cost transactions using $XLM and Stellar-USDC, bypassing traditional banking infrastructure and offering a faster, more accessible payment option.
Future Outlook
Looking ahead, with momentum building and partnerships stacking up, Stellar is shaping up as a project to watch.
